Ripple continues to thrill the crypto-market with its rich new partnership bulletins. In a summary of the 2018 report, Kathy Garner, who is the CEO and president of Catalyst Corporate, talks about "strategic partnership with Ripple, signed last year", which will probably be operational this year.
As stated on its website, Catalyst Corporate offers financial services that include payment solutions, a budget management assistant, liquidity investment options and other similar services. In a video posted a few days ago, Kathy Garner, who will retire from the company in March 2019, said that the partnership with Ripple will allow them to "send a secure international transfer within minutes". As the Catalyst mission statement, it addresses this;
Our goal is to send the international transaction to Mexico through Ripple blockchain solutions. With this cooperative arrangement known as Currentz, secure cross-border transactions can be completed within 10 seconds.
However, Catalyst Corporate, headquartered in Texas, announced that it would use Ripple technology at the Omni Frisco Hotel in Dallas at the end of 2018. The announcement stated that the main objective of adopting the Ripple's technology is to attempt various challenges that mainly include "international transfers". While appreciating the partnership to adopt a blockchain-based solution, Brad Ganey, senior vice president of Catalyst Corporate, said;
Traditional international experience in the cable industry does not meet today's expectations in terms of price, speed and ease of use,
While Kathy cited the success of Catalyst Corporate in 2018, it is more likely that the 2019 year with Ripple technology will help reduce the cost of global remittance. As such, increase efficiency and maximize overall profit. While Kathy will soon retire from the chair, Bruce Fox will be the new CEO to continue with Catalyst Corporate. Also, in a previous announcement, the vice president of Firm had also revealed that the "Ripple" x xapap will solve their biggest challenges. "
"Blockchain technology and specifically Ripple's xRapid product solve all three of these challenges at the same time: Through the technology platforms of our subsidiaries, Catalyst Corporate will leverage XRP – via xRapid – to test the instantaneous transfer of money across borders on behalf of Our member unions We have signed a production contract and are currently building our test plan. "